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New Bankruptcy Law Is More Than Two Years Old
We have found, in practicing under the new law, that nearly all of our
clients have qualified for bankruptcy relief of one kind or another. In
fact, there are some advantages for debtors under the new law. For
example, some exemptions were added, including educational IRAs, and
Social Security payments are not counted toward income in qualifying
for Chapter 7.
Seminars
July 29, 2009
When Real Property Meets Bankruptcy
Seattle, WA
Real Estate Boot Camp, sponsored by WSBA
October 30, 2009
Hot Topics in Bankruptcy Law
via Telephone
Sponsored by WSBA
November 6, 2009
Liens: How to Perfect Them, How to Enforce Them
Seattle, WA
Chaired by Gloria, sponsored by KCBA
December 17, 2009
Collections: Now that You've Won, What do you Do?
Seattle, WA
Co-chaired by Gloria, sponsored by WSBA
Recent Developments in Bankruptcy Law
Within the last two years, the Washington State Legislature has revised the homestead statute to increase the homestead exemption for Washington residents from $40,000 to $125,000. This is great news for our clients, as it means people filing Chapter 7 are even more likely to be keeping their homes.
The Executive Committee of the WSBA Creditor-Debtor Section, of which Gloria is a member, is currently reviewing Washington's personal property exemptions and considering whether to suggest revisions to our state legislature.
Helpful Bankruptcy Resources
www.abiworld.org
The American Bankruptcy Institute has bankruptcy case updates, timely articles and a directory of bankruptcy lawyers nationwide.
www.wawb.uscourts.gov
The U.S. Bankruptcy Court for the Western District of Washington.
©2004-2009 Nagler & Associates
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